BERLIN — European heavyweight CLT/Ufa is in advanced talks with local kidvid company RTV Family Entertainment to take a stake in the company, according to German newsmag Der Spiegel.
In exchange for rights to programming, CLT/Ufa is planning to take a stake of under 25% in the listed company.
According to the report, CLT/Ufa is also considering a fusion or joint acquisitions with other European powerhouses including Pearson, Endemol and United News Media.
In December, CLT/Ufa gained a 49.9% stake in German web Vox from Rupert Murdoch, giving it the majority stake. Company is also looking to increase its 29% stake in British web Channel 5.